In a strategic move to align with the national ‘Make in India’ initiative, Locks by Godrej is investing heavily in technology and local manufacturing. The brand plans to enhance its portfolio of smart digital locks and increase automation in its state-of-the-art manufacturing facilities.

Shyam Motwani, Business Head of Locks and Architectural Fittings and Systems at Godrej & Boyce, emphasized the company’s commitment to innovation: “We are targeting 20% growth by leveraging our ‘Make in India’ philosophy and focusing on smart solutions that enhance home safety. Our aim is to provide reliable, innovative, and affordable safety products that meet the diverse needs of families across the country.”

The Indian home safety market, currently valued at Rs 6,700 crore, is projected to grow to Rs 10,000 crore by 2027. With this growth, Locks by Godrej is well-positioned to capitalize on increasing demand, offering a range of advanced safety products including IoT-enabled digital locks and biometric systems. These products are designed for seamless integration into modern homes, catering to both tech-savvy consumers and those who prioritize design.

The company’s design-led approach ensures that their safety solutions are not only secure but also user-friendly and aesthetically pleasing. Locks by Godrej remains committed to making cutting-edge safety technologies accessible to consumers in urban and semi-urban areas alike.

As it continues to lead in the home safety sector, Locks by Godrej is focused on delivering tech-driven and affordable solutions that enhance the security of homes across India.

Also Read: Godrej Properties Wins Bid for Luxury Housing Plots in Gurugram

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According to Screener, a stock analysis tool, ten prominent listed real estate companies—including DLF, Godrej Properties, Prestige Estates, Signature Global and others—achieved property sales worth an astounding Rs 12,867.8 crore in the latest quarter, resulting in impressive net profits.

This impressive growth was primarily driven by the strong demand for residential properties, particularly premium homes in major cities. Industry experts attribute the surge in sales among the top 10 listed players to robust housing demand and a preference for companies and brands with proven track records of successful project execution.

According to a report by rating agency Crisil, residential real estate developers are expected to achieve 8-10 percent sales growth this fiscal year, despite rising interest rates and home prices. This growth is supported by a 4-6 percent increase in volume and a 3-5 percent rise in capital values.

Here are the 10 best-listed real estate companies in the country—according to “Screener”, which have significantly contributed to the sector’s development and offer a wide range of real estate services:

1- DLF: DLF Limited, established in 1946, stands as one of India’s oldest and largest real estate enterprises, renowned for its high-quality residential and commercial projects. The company has played a pivotal role in the development of Gurgaon, a key commercial center near Delhi. DLF’s extensive portfolio encompasses shopping malls, luxury apartments, gated communities, office spaces, and hotels. As a publicly traded corporation listed on the NSE and BSE, DLF leverages its solid reputation, extensive experience, and diverse portfolio to capitalize on the expanding Indian real estate market.

2- Godrej Properties: Established in 1990, Godrej Properties has emerged as one of India’s foremost real estate companies, recognized for its innovative design, quality construction, and commitment to customer satisfaction. The company has developed numerous commercial and residential projects nationwide, earning a strong reputation in the industry. Godrej Properties has received several accolades, including the prestigious “Development of the Year” award from the National Real Estate Development Council (NAREDCO). With over 100 completed projects, it stands as one of India’s top-listed real estate firms.

3- Phoenix Mills: The Phoenix Mills Ltd has established itself as a prominent player in the Indian real estate sector, excelling in the development of mega retail malls, entertainment complexes, commercial spaces, and hospitality units. The company’s operations encompass all facets of real estate development, including planning, execution, marketing, management, maintenance, and sales. Phoenix Mills boasts a diverse portfolio of real estate assets located in cities such as Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly, and Ahmedabad.

4- Prestige Estates: The Prestige Group is now synonymous with innovation in the real estate sector. The company has spearheaded numerous landmark developments and introduced several firsts to South India. With over 300 completed projects covering a developable area of more than 180 million square feet, Prestige Group is a significant player in the industry. The company currently has 56 ongoing projects across various segments, totaling 86 million square feet in developable area. Additionally, it plans to launch 43 projects spanning 85 million square feet and holds a land bank exceeding 728 acres as of September 2023.

5- Oberoi Realty: Oberoi Realty has perfected the creation of high-quality, sustainable lifestyle standards. For more than 40 years, the group has enhanced, uplifted, and inspired the daily lives of homebuyers through its innovative designs. Over the past four decades, Oberoi Realty has established an unmatched brand reputation through its aesthetic design and consistent quality construction, meeting international standards.

6- Brigade Enterprises: Since 1986, Brigade has been dedicated to shaping India’s real estate landscape with landmark developments across various sectors, establishing itself as a prominent industry leader. With a diverse portfolio encompassing residential, commercial, hospitality, and retail projects, Brigade has built a distinguished legacy marked by consistent excellence and superior quality. The company’s industry leadership is rooted in its commitment to exceeding customer expectations. This customer-centric approach ensures that every Brigade development embodies the highest standards of elegance and sophistication.

7- Signature Global: Among the leading real estate companies, Signature Global has emerged as a standout player, making a significant impact on the industry. Listed just last year, the company has rapidly gained the trust and admiration of homebuyers and investors through its outstanding performance. Initially known for its affordable housing solutions, the company has successfully transitioned into the premium housing segment with the launch of two consecutive high-end projects:  Deluxe DXP and Titanium SPR, which have set a new benchmark in Gurugram’s real estate market with record sales exceeding ₹3600 crores and 2700 crore respectively. 

Signature Global has delivered an impressive 10.4 million sq. ft. of housing area to date and has a robust pipeline of approximately 32.2 million sq. ft. of saleable area in upcoming projects. Additionally, the company has 16.4 million sq. ft. of ongoing projects slated for execution over the next 2-3 years. In FY24, Signature Global achieved sales bookings totaling ₹72.7 billion, reflecting a remarkable sales CAGR of 62% from FY21 to FY24. Looking ahead, the company projects sales of ₹100 billion in FY25 and anticipates revenue recognition of ₹38 billion.

8- Sobha: Since its inception, SOBHA Limited has consistently aimed to set new standards in quality, customer focus, business ethics, and transparency. This steadfast commitment has established the company as the most preferred real estate brand in India. For over three consecutive years, SOBHA has been recognized as the top brand in the Indian real estate sector. Additionally, the company received top honors in India’s first-ever Real Estate Best Practices audit report in 2017 by Track2Realty.

 9- Anant Raj: Anant Raj Limited boasts a rich legacy of over fifty years, dedicated to transforming the real estate landscape. With its headquarters in Delhi, the company is recognized as one of the leading real estate developers in the country. Established in 1969 as a construction company, Anant Raj has executed major projects for the Delhi Development Authority (DDA) and other government bodies. Over the years, the firm has ascended to become one of the largest real estate developers in the Delhi and NCR region. Anant Raj takes pride in owning one of the most extensive land portfolios in the Delhi NCR area and maintaining a presence in nearly all facets of real estate.

10. Valor Estate Limited: (formerly known as D B Realty Limited), founded in 2007, has in a short span of time covered enormous ground, thereby establishing its place as a leading real estate developer in India. While company’s growth story is rooted in facts and figures, its legacy will be built on a strong reputation of excellence in residential, commercial and gated community developments. This is why, even during these challenging times, they remain deeply committed to their mission of creating superior developments in each of our market segments, and fulfilling promise to all of stakeholders.

The Company’s expanding portfolio consists of over 100 million sq. ft of prime property – carefully crafted by 15,000 experts and managed by over 500 internationally and nationally acclaimed executives- across 35 exclusive projects that have served close to 20,000 satisfied customers till date. Most of the projects are based in and around Mumbai, and are under various stages of planning and construction.

These companies have not only dominated the market but have also set benchmarks for quality, innovation, and customer satisfaction. Their contributions are pivotal in driving the growth of the Indian real estate sector, which continues to thrive and evolve. With the Indian real estate sector expected to reach a value of USD 1 trillion by 2030, the performance of top listed realty firms will be pivotal in shaping the industry’s future.

Also Read: Lodha recognized as the ‘Global Sector Leader in Sustainability’ by GRESB

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Jamshyd Godrej, Chairperson & Managing Director, Godrej & Boyce, said, “The future development of Vikhroli presents a unique opportunity to create a holistic space in the metropolis of Mumbai where urban development and biodiversity co-exists harmoniously. Godrej Construction and Godrej Properties bring complementary strengths, and this has translated into the launch of successful real estate projects in Vikhroli.”

Pirojsha Godrej, Executive Chairperson, Godrej Properties, said, “We look forward to continuing our association with Godrej & Boyce with a view to make  Vikhroli into a world-class neighborhood that delivers its residents an outstanding quality of life while ensuring the highest standards of sustainable development.”

Also Read: Godrej Properties enters Hyderabad

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The land is located in a strategic and high-potential area in Rajendra Nagar. The development on this land is estimated to have a potential of ~ 4 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated revenue potential of ~INR 3,500 crore*. The project will cater to the aspirations of discerning home buyers in Hyderabad, who are looking for a high-quality living experience with modern amenities and design.

Rajendra Nagar has a well-developed physical and social infrastructure with the presence of schools, colleges, hospitals, and retail outlets. The location offers connectivity to the Rajiv Gandhi International Airport and all major social and commercial hubs of Hyderabad city.

“We are pleased to announce our entry into Hyderabad, which is amongst the largest and fastest growing residential real estate markets in the country. This acquisition is in line with our strategy of strengthening our portfolio across the key markets in India and we will seek to deliver a landmark project that creates long-term value for its residents,” said Gaurav Pandey, MD, and CEO of Godrej Properties.

Also Read: Godrej Properties sells over 600 homes worth INR 2,600 crore at the launch of its project Godrej Aristocrat in Gurugram

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Golf Course Extension Road is an established residential location in Gurugram which provides access to high-quality social infrastructure and is in close proximity to established commercial establishments on Golf Course Road, Golf Course Extension Road, and Sohna Road. The area provides good connectivity to key retail, medical, and educational infrastructure and is in proximity to the proposed metro corridor, thereby further improving connectivity across the Gurugram metropolitan area.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the response to our project, Godrej Aristocrat. We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties. We will do our best to ensure Godrej Aristocrat offers its residents an outstanding living experience.

Gurugram is an extremely important market for Godrej Properties. We hope to launch four new projects in Gurugram in 2024 and will endeavour to create outstanding residential communities that deliver long-term value for residents.”

Also Read: ICRA and CRISIL enhance Commercial Paper limits of Godrej Properties Limited to INR 2000 crore

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Sector 146 is a prominent upcoming residential corridor in Noida. It provides access to high-quality social infrastructure and is in close proximity to commercial infrastructure like – Noida SEZ, entertainment hubs, Film City, etc. The area provides good connectivity to Indira Gandhi International Airport and the upcoming Jewar Airport, as well as to the metro station and the three major expressways – Noida- Greater Noida Expressway, Yamuna Expressway, and the upcoming FNG Expressway. 

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are delighted with the response to our project, Godrej Tropical Isle. We’d like to take this opportunity to sincerely thank our customers who have reposed their faith in Godrej Properties. We will do our best to ensure that Godrej Tropical Isle offers its residents an outstanding living experience.  Noida is an extremely important market for Godrej Properties and we will look to further strengthen our presence in the years ahead.” 

Also Read: Indian Real Estate Sector Received Institutional Investments Worth USD 1.6 Bn 

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Highlights:

Credit Rating for Commercial Paper (CP) limits enhanced to INR 2,000 crore from INR 1,750 crore by ICRA and CRISIL. Ratings have been reaffirmed/assigned at [ICRA]A1+ and CRISIL A1+ respectively. Instruments with these ratings are considered to have a very strong degree of safety regarding the timely servicing of financial obligations. Such instruments carry the lowest credit risk.

Credit rating limits for bank facilities of INR 4,500 crore were reaffirmed at [ICRA]AA+/[ICRA]A1+. Outlook on the long-term rating is “Stable”. Instruments with this rating are considered to have a high degree of safety regarding the timely servicing of financial obligations. Such instruments carry very low credit risk.

Long-term rating for INR 1,000 crore Non-Convertible Debenture (NCD) borrowing program reaffirmed to [ICRA] AA+ and fresh NCD of INR 2,000 crore assigned to [ICRA] AA+. Outlook on the long-term rating is “Stable”. Instruments with this rating are considered to have a high degree of safety regarding the timely servicing of financial obligations. Such instruments carry very low credit risk.

Also Read: Godrej Properties to acquire land for a luxury residential project in Kolkata

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52% of respondents stated that they have plants at home which make them happy. Another 32% of respondents are of the view that plants are fundamentally important for them both inside and outside their homes.

The recently launched, Godrej Properties study, Home Livability Factors underscores the fundamental shift in homebuyers’ preferences with the onset of the Covid-19 pandemic and the significant alterations that it has brought about in their preference for residential apartments.

Homes surrounded by trees and greenery also help people to stay healthy and maintain mental well-being. This seems to be a major reason for 3 out of 4 respondents in Bengaluru are of the view that home is a place to maintain health and mental well-being.

The survey also revealed that residents of Bengaluru prioritize family living as 51% of respondents feel that a home is a place to live well as a family unit. They are second next to Kolkata wherein 59% echoed similar preferences. Around 71% of respondents from Bengaluru have also placed hobbies and passions as a fundamental aspect of their lifestyle change post the Covid-19 pandemic.

Pramod Bisht, CEO South Zone, Godrej Properties , said, “People have become environment conscious. They aspire to live in homes that are surrounded by open spaces, complimented by ample greenery and serene surroundings. At Godrej Properties, we understand the native needs of our homebuyers and craft bespoke residential spaces surrounded by greenery and paved access to open spaces. We design smart homes that are not only technologically evolved but offer contemporary facilities in terms of safety, security, and well-being thus enhancing the overall livability quotient.”

The study also brought to the fore that the pandemic-induced lockdown has influenced 79% of respondents to lead a sustainable lifestyle. Of these, 49% of them stated that they have started laying impetus on energy conservation, avoiding wastage of food and water. The remaining 30% of them claimed that they are absolutely conscious of their daily use of water and energy and have adopted recycling.

The study also posed reactions to how their work schedule reflected in their homes. At least 67% of respondents from Bengaluru claim that they have made some adjustments to work from home.

Data findings are a part of the research study Home Livability Factors unveiled by Godrej Properties Ltd. (GPL) which surveyed respondents from seven cities of Pune, Mumbai, Delhi, Bengaluru, Kolkata, Ahmedabad, and Chennai.

Also Read: Godrej Properties purchases 89 acres of land in Khalapur

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Spread across ~ 89 acres, the proposed project is located near Imagicaa Theme Park and is estimated to have a development potential of approximately 1.9 million square feet of saleable area comprising primarily of residential plotted development. 

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Residential plotted development has gained significant traction in recent years and Khalapur is a promising micro market in which to expand our presence in this space. We will aim to build an outstanding residential community that creates long-term value for its residents.”

~ 70 kms away from Mumbai, Khalapur is a scenic location with well-developed social and civic infrastructure consisting of multiple schools, health facilities, retail malls, and entertainment outlets. The subject land is in close proximity to the Mumbai-Pune Expressway and offers good connectivity to Mumbai, Navi Mumbai, and Pune. The proposed Navi Mumbai International Airport will further boost connectivity to Khalapur and surrounding areas.

Also Read: Budget 2023 Expectations – What’s in store for real estate in Union Budget 2023?

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Spread across ~ 60 acres, the proposed project is estimated to have a developable potential of approximately 1.6 million square of saleable area, comprising primarily of residential plotted development.

The site is strategically located in between Grand South Trunk road (GST road) and NH-4, just off Oragadam Junction (on the 6-lane SH-48) offering access to other parts of the city via Chennai Bypass Road, Chennai Tiruvallur High Road and Red Hills Road.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to add this land parcel to our portfolio. It fits with our strategy of deepening our presence across India’s leading cities. We will aim to build an outstanding plotted development project in Chennai that creates long term value for its residents.”

Oragadam Junction is recognized as one of the fastest-growing business and largest industrial corridors of Chennai, with manufacturing facilities of 22 Fortune 500 companies spread across the industrial belt stretching from Sriperumbudur to Oragadam. The area is well-connected via road and rail and offers good civil and social infrastructure consisting of schools, colleges, hospitals and retail outlets.

Also Read: Godrej Properties sells over 1 million square feet of area in a new launch at its project Godrej Garden City in Ahmedabad

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